1. Make your music available for streaming
The vast majority of listening is happening on major streaming platforms like Spotify, Apple Music, and Amazon Music. This means that making your songs available on these platforms is essential to reach your current fans, as well as for reaching potential new fans.
While streaming revenue is usually measured in fractions of pennies per stream, it can add up to become a significant revenue source over time.
2. Earn streaming royalties through digital distribution
- A streaming service is a platform people use to listen to music. The most popular are Spotify and Apple Music.
- A distribution network distributes and collects royalties from those streaming services.
Musicians don’t really have a choice when it comes to streaming services. Not even the biggest artists in the world are protected from backlash when removing their music from popular streaming platforms.
It’s important that you stream your work on Spotify and Apple Music, the two largest, most globally available services. Other popular streaming services include Google Play, Amazon Music, and YouTube Music—plus genre-specific streaming services like BeatPort and JunoDownload, both of which cater to music producers and fans.
Also, any time music you own is used in a YouTube video, whether on your own channel or someone else’s, you’re entitled to collect your share of the ad revenue generated. A digital distribution company like CD Baby can help ensure that you get all the money that you’re owed.
Whether through Zoom or recorded video lessons, teaching music lessons can be a great way to generate some additional income. You can even take it a step further and sell video lessons, sheet music, and more using fan subscriptions.